$4.1bn
$XXX.Xm
4,301
37
$XXX.Xm
The Cable Networks industry in Canada has experienced strong headwinds inhibiting growth. Both consumers and the government have increasingly explored alternatives to the cable distribution model, which has resulted in revenue waning. Internet-based streaming services such as Netflix and Hulu have posed a significant threat to the industry's stronghold on TV programming, and increasing domestic investment by these services has taken its toll on industry operations. The pandemic further accelerated the adoption of digital streaming services as consumers spent more leisure time at home. Overall, revenue has been declining at an annualized 4.1% over the past five years and is expected to reach $4.1 billion in 2023, despite an incline of 1.4% in 2023 alone, with profit sliding down to 17.3%.Revenue pitfalls are also related to a regulatory landscape that has hindered expansionary strategies. Most notably, the Canadian Radio-television and Telecommunications Commission rolled out a mandate in 2016 that now requires service providers to offer basic cable packages to customers for $25.00 or less. The goal of this regulation is to maximize the range of choices and affordability of TV for Canadian customers. The strategic navigation of threats, such as external competition and regulation, have not been offset through innovative pricing models and more tailored services, as the efficacy of such tactics failed to expand industry revenue or profit generation.In the absence of any significant changes, cable networks are poised to continue to struggle while adapting to changing consumer preferences. Fibre optic cable infrastructure has created significantly faster internet and cable speeds, while improved infrastructure will likely lead the way to developments in new 4K and ultra-high-definition TV content. Despite intensifying competition, content diversification and tiered pricing models are expected to lessen any revenue declines moving forward, and as streaming services continue to raise their own prices, cable subscriptions will grow more relatively affordable. Ultimately, industry revenue is projected to marginally rise an annualized 0.8% to $4.3 billion in 2028.
Industry revenue has declined at a CAGR of 4.1 % over the past five years, to reach an estimated $4.1bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Bell Media Inc. | 1,646.3 | 364.0 | 22.1 | |
Rogers Communications Inc. | 1,289.9 | 269.1 | 20.9 | |
Corus Entertainment Inc. | 716.7 | 219.9 | 30.7 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Cable Networks in Canada
Industry revenue is measured across several distinct product and services lines, including Subscriber revenue, Sales of local air time and Sales of national air time. Subscriber revenue is the largest segment of the Cable Networks in Canada.
Declining subscription rates have hurt expansionary opportunities for industry enterprises
The Cable Networks industry in Canada distributes TV programs on a subscription or fee basis through cable systems. Industry operators include specialty TV cable networks and pay-per-view programming. Programming production and satellite broadcasters are excluded from this industry.
Purchase this report to view all 6 major companies in this industry.
NAICS 515210 - Cable Networks in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Increasing internet connectivity has furthered the extent of external competition. Internet-based streaming services have posed a significant threat to the industry's strongh...
Learn about an industry's products and services, markets and trends in international trade.
As on-demand digital streaming platforms rise in popularity, traditional television subscription options have waned in popularity. This trend has been accelerated by the rise...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Establishments in the industry are concentrated mostly in line with regional shares of the total domestic population, which represent the potential viewing audiences of each p...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is susceptible to a high degree of external competition. The emergence of online video streaming such as Netflix has significantly cut into demand for cable netw...
Learn about the performance of the top companies in the industry.
In 2018, Bell Media launched the Crave streaming service, which provides up-to-date HBO programming to all Canadians with internet access. Due to this groundbreaking launch, ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
An increase in the number of broadband connections has given momentum to industry alternatives to cut into demand. Online streaming services and other substitutes have flouri...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry is characterized by a bifurcation of operations between primary cable providers and those that use existing infrastructure and operate on a local scale. The cost...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Cable Networks industry in Canada is $4.1bn in 2024.
There are 37 businesses in the Cable Networks industry in Canada, which has declined at a CAGR of 1.5 % between 2018 and 2023.
The market size of the Cable Networks industry in Canada has been declining at a CAGR of 4.1 % between 2018 and 2023.
Over the next five years, the Cable Networks industry in Canada is expected to grow.
The biggest companies operating in the Cable Networks market in Canada are Bell Media Inc., Rogers Communications Inc. and Corus Entertainment Inc.
Subscriber revenue sales and Sales of national air time are part of the Cable Networks industry.
The company holding the most market share in Canada is Bell Media Inc..
The level of competition is moderate and increasing in the Cable Networks industry in Canada.